Federal Stafford Loan - Overview (Graduate Students)

The Federal Direct Unsubsidized Stafford Loan Program is available to graduate students who are enrolled at least half time* in the Master's in Accounting program. Students must meet all general eligibility requirements for federal student aid and are required to complete a Free Application for Federal Student Aid (FAFSA).

*At least half-time enrollment is defined as 6 or more credits per semester.

Graduate students are eligible for the Unsubdsidized Stafford Loan program. Under this program, students are charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accrue while you are in school or during repayment periods, this interest will be capitalized. Interest that is capitalized will be added to the principal amount of your loan, and additional interest will be based on the higher amount. The interest rate for 2015-2016 Federal Direct Unsubsidized Stafford loans is 5.84%. Maximum eligibility per year is $20,500.

Note: Students can pay the interest on their federal unsubsidized Stafford loan while in school. Students interested in making payments should contact their servicer directly.

Federal Stafford Loan Fees:

For loans first disbursed on or after October 1, 2014 and before October 1, 2015 a loan fee of 1.073% will be deducted from each loan disbursement. For loans first disbursed on or after October 1, 2015 and before October 1, 2016 a loan fee of 1.068% will be deducted from each loan disbursement.